NATIONAL MAGAZINE COMPANY LIMITED(THE)

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Although the Group recorded an operating loss for the year, the Group projects an operating profit and positive cash flow in the coming year. The Company and the Group have sufficient cash reserves to ensure that they are adequately funded from their own resources and are not expected to require additional funding from Hearst in the near term. The directors have prepared the financial statements on the going concern basis as they believe that the Company and the Group have adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. A letter of support has been provided by Hearst Magazines Media Inc for a period of at least 18 months from the date of the signing of the accounts, to allow sufficient funds for the Company to meets its obligations as they fall due if required.”

Group structure

1. NATIONAL MAGAZINE COMPANY LIMITED(THE) · parent
   1. Condé Nast & National Magazine Distributors Limited 0.65% · United Kingdom · pension fund contributions for former employees
   2. Handbag.com Limited 1% · United Kingdom · dormant
   3. Edited Financial Services Limited 1% · United Kingdom · dormant

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -6.5%

  £111,908,000 → £104,629,000

• Cash

  +16.3%

  £13,094,000 → £15,222,000

• Net assets

  -8.2%

  £127,544,000 → £117,065,000

• Employees

  -7%

  718 → 668

• Operating profit

  -190.2%

  -£3,568,000 → -£10,355,000

• Profit before tax

  -864.7%

  £685,000 → -£5,238,000

• Wages

  +4.3%

  £42,367,000 → £44,192,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers